Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPANWe as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
More Alan Greenspan Quotes
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Significantly opening up immigration to skilled workers solves two problems.
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I’m a better economist than I was a sax player.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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All taxes are a drag on economic growth. It’s only a question of degree.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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And she always has so much fun doing it. We make a good team.
ALAN GREENSPAN